Esi Qualifying Salary Limit Increased To Rs 25000 - PDF Download

From "Madhu.T.K" :
The Government has decided to increase the salary limit for coverage of ESI from Rs 15000 to Rs 25000. The date of effect is not known. Please share if anybody has the relevant notification from the ESIC
Regards,
Madhu.T.K20th September 2013 From India, Kannur

The source of this information (regarding the esic limit to rs 25000) is the news published on the front page of a Malayalam newspaper "Mathrubhumi" and on Hindi Patrika dated 20th september 2013. I am attaching the source of this news. Please confirm the source of this news
Regards
Dinesh21st September 2013 From India, New Delhi

Dear All. Kindly find attached press note This is not yet implemented, we should wait for Gazette, but it will happen in near future. Thanks Umesh Kadam 922382062021st September 2013 From India, Mumbai

Hi,
This is regards to your query fro ESIC calculations. ESIC always calculate on Gross Earning. There is fixed rate for the same i.e 1.75% Employee Share and 4.75% is the Employer Share of the gross earning.
PF is deducted on the basis of Actual earning.
Regards
Vikas Sharma21st September 2013 From India, Chandigarh

Dear Sir,
As per the available information, the decision has been taken on 19th September 2013 and has been announced by the Labour Minister.
However, a notification / circular in this regard is awaited.
Thanks & Regards,
Avika21st September 2013 From India, New Delhi

Hi everybody you means that according to this information the calculation of esic will depend on that, and there we have to calculate the esic(1.75%) of those employee whose salry is below the 25000.. I am right na,, plz confm21st September 2013 From India, Delhi

Hi Madhu, It has been decided by the government of India to increase the ESI Qualififying limit salary to Rs.25,000 but till now they have not decided the date from which it will be effective.22nd September 2013 From India, Bangalore

We refer the News of ESIC amendment in slab which was raised to a maximum slab of Rs. 15000 instead of earlier Rs. 10000 from 01.05.2010.

In this context I would like to have a suggestion to you to increase the PF slab also as the current PF slab is Rs. 6500 since long. Now due to the global financial situation it is very necessary to amend this slab because at the time of retirement at the age of 58 employee working in a private sector will get very nominal amount. It will be very hard for a person to run his family with PF amount and pension amount what he will get as per the current slab

As you are aware inflation rates are in upward trend and rates of all the necessary items has increased steeply. How can an average middle class Indian can fulfill his basic requirements from above PF amount when he retires.

I think government should change the policy and take some more effective actions keeping in mind long time inflation rate. You can understand the critical position of a person retiring at the age of 58 especially private sector employees.

Government should think about middle class family. “Poor are becoming poor day by day”

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